Ownership cost of 5 refrigerators on consumer durable loan

Life is getting easier these days when you talk about the consumer durable space. There were days when we couldn't think of buying the product without paying its whole price upfront. But in today's times of growing customerisation, banks and non-banking finance companies (NBFCs) have catered in to the requirements of customers by offering them suitable finances for the durable goods. All you have to do is to choose a loan offering that fits into your pocket.

Consumer durable loan can be availed for buying laptops, washing machine, mobile phones, refrigerators, camera, LED television, etc. Depending upon your monthly income and your repayment capacity, you can get loan upto 80%-100% of the cost price of the durable products for a period of 1-3 years. The loan amount eligibility differs from individual to individual and lender to lender. You have a series of lenders like State Bank of India, HDFC Bank, Bajaj Finserv, Kotak Bank and others to choose from. We, in this article, will pick five refrigerators that cost in the range of Rs 50,000-80,000. Also, we will check the liability that you will have on the ownership of those refrigerators if wish to buy them on loan.

Refrigerators

1 Samsung RS21HSTPN1/XTL

The 5-star rated refrigerator, with a capacity of 600 litres, has two side-by-side doors. The frost-free refrigerator, which comes with a size of 912x789x734 mm, costs Rs 70,000.

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